Fiduciary Services for RecordkeeperDirect Plan Sponsors | American Funds

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Fiduciary Services for RecordkeeperDirect Plan Sponsors

American Funds offers an independent, third-party fiduciary service to plan sponsors.

Retirement plan sponsors must meet a number of fiduciary obligations that include selecting and monitoring plan investments. For sponsors who want fiduciary support, American Funds offers fiduciary services through an independent third-party advisory firm, Wilshire Associates Incorporated (“Wilshire”). This fiduciary program involves an agreement between the plan sponsor and Wilshire.

Review the information below to learn more about which fiduciary services program may work best for you. Then download the documents at the bottom of the page to help you get started.

How Wilshire may serve as a co-fiduciary with plan sponsors:

Wilshire screens, monitors and recommends changes as a co-fiduciary, while the plan sponsor selects investments.

Wilshire screens, selects and monitors funds and makes changes as a co-fiduciary.

Wilshire’s Role

ERISA 3(21) Non-Discretionary Investment Advisor

ERISA 3(38) Discretionary Investment Manager

Investment options

Plan sponsor uses Fund Menu*
— or —
Plan sponsor uses Select List to create portfolio*

Wilshire implements Fund Menu*

Risk management benefits for sponsors

Independent, unbiased knowledge that complements your existing advisor relationship

Investment Policy Statement; ongoing periodic reports; documentation of roles, responsibilities and fund monitoring

Service agreements

3(21) Service Agreement (PDF)

(including fee schedule)

3(38) Service Agreement (PDF)

(including fee schedule)

More about Wilshire

*Contact your financial professional for more information about Fund Menus and Select Lists.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries.